18 Dec 2014
AUD/USD stuck in familiar post FOMC range
FXStreet (Guatemala) - AUD/USD is trading at 0.8163, down -0.08% on the day, having posted a daily high at 0.8172 and low at 0.8157.
AUD/USD remains in an offered patch below the 0.82 handle and 20 DMA at 0.8190 acting as resistance while commodities have eased back off the relief rally and the dollar continues to dominate overall.
We are done on the data front for this week while we await the final incomings of US events that are likely to be non-events in thin markets, in the absence of extraordinary outcomes that is, with the FOMC already spoken and regardless of minor differences that may come about in data expectations. Repatriation flows may keep the AUD/USD supported in any case as we begin to close down for the year.
AUD/USD remains in an offered patch below the 0.82 handle and 20 DMA at 0.8190 acting as resistance while commodities have eased back off the relief rally and the dollar continues to dominate overall.
We are done on the data front for this week while we await the final incomings of US events that are likely to be non-events in thin markets, in the absence of extraordinary outcomes that is, with the FOMC already spoken and regardless of minor differences that may come about in data expectations. Repatriation flows may keep the AUD/USD supported in any case as we begin to close down for the year.